Estimated 3.9% Social Security COLA for 2027 Could Boost Average 62-Year-Old's Benefit by $54
The estimated 2027 Social Security cost-of-living adjustment (COLA) is projected to be 3.9%, up from the current year’s 2.8%. This would increase the average monthly benefit for a 62-year-old retiree from approximately $1,342 in December 2024 to around $1,434 by January 2027 — an additional $54 per month.
Topics: cost of living adjustment (COLA) inflation retirement benefits social security